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Old 02-14-2014, 07:13 AM   #1 (permalink)
koonja
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Investing questions

New to investments here.

My company matches 6% of my contribution to 401K. 3% cash match, and 3% investment match. It's a good number, but they don't advise you at all (which I'm not complaining about, because that's what makes investing so fun, right?).

But I have forgotten what little I once knew in college about stocks and so I have it set to put all 3% investment into the company stock.

So, yeah. That's where I'm at and wondering if I should spread out the 3%? If so, how?

What are EFTs? I heard these might be a strong option if you're not looking to touch your investments for 30 years or so. Is this true?

FWIW, the company is Verizon. So maybe I should just keep it going to their stock? Maybe just loading up with one massive company will be the most beneficial in the long term? Or maybe it's boring and won't return much because who knows if they'll be better off now that they are in 30 years? IDK.

Really, any advice will help and be appreciated.

Last edited by kuehnja; 02-14-2014 at 07:20 AM..
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Old 02-14-2014, 07:21 AM   #2 (permalink)
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Quote:
Originally Posted by kuehnja View Post
New to investments here.

My company matches 6% of my contribution to 401K. 3% cash match, and 3% investment match. It's a great number, but they don't advise you at all (which I'm not complaining about, because that's what makes investing so fun, right?).

But I have forgotten what little I once knew in college about stocks and so I have it set to put all 3% investment into the company stock.

So, yeah. That's where I'm at and wondering if I should spread out the 3%? If so, how?

What are EFTs? I heard these might be a strong option if you're not looking to touch your investments for 30 years or so. Is this true?

FWIW, the company is Verizon. So maybe I should just keep it going to their stock? Maybe just loading up with one massive company will be the most beneficial in the long term? Or maybe it's boring and won't return much. IDK.

Really, any advice will help and be appreciated.
I'm a complete novice to investing and can tell you that the bolded is probably one of the worst things you can do. If this is your retirement we're talking about, then putting all of your eggs into that company's basket is risky. You cannot guarantee what will happen over the next 30-40 years. If anything goes wrong w/ Verizon and they tank, then literally your entire retirement tanks with it.

I've never had a problem with people investing in their own company stock, but at least be smart about it and spread it around. With that said, I'm sure there are plenty of others on this board who are much more educated on this subject than myself.

Thanks for starting this thread btw. I've recently had some investing questions as well and wondered what the pros on this site had to offer.
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Old 02-14-2014, 07:29 AM   #3 (permalink)
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Originally Posted by BleedBlueGold View Post
I'm a complete novice to investing and can tell you that the bolded is probably one of the worst things you can do. If this is your retirement we're talking about, then putting all of your eggs into that company's basket is risky. You cannot guarantee what will happen over the next 30-40 years. If anything goes wrong w/ Verizon and they tank, then literally your entire retirement tanks with it.

I've never had a problem with people investing in their own company stock, but at least be smart about it and spread it around. With that said, I'm sure there are plenty of others on this board who are much more educated on this subject than myself.

Thanks for starting this thread btw. I've recently had some investing questions as well and wondered what the pros on this site had to offer.
Thanks for the advice. I think I'll leave 1% with VZ and spread out the other 2%. I did a little research and eft seems to have a good reputation.
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Old 02-14-2014, 07:32 AM   #4 (permalink)
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I agree, spread that portion out across stocks and bonds. In my former job, I was issued stock as an annual bonus. At one time I had about $150K in company stock. It had climbed from about $30 to $60 in just a few years. Then the CEO decided he was smarter than everyone and it plunged to $7.00 per share. This was before the economy soured.

BTW............If they are matching 6%, then I would put 6% in every paycheck. Especially while your young. It might be a little painful just starting out, but I guarantee you you'll find a way to make due and by the time you're ready to retire (and I've been long gone lol), you'll have a small fortune.
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Old 02-14-2014, 07:35 AM   #5 (permalink)
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I'd recommend checking out the Morningstar.com forums, especially the section for beginners. Conventional wisdom will be to learn, save as much as you can, max out tax-advantaged accounts (401k with full company match, IRA), and spread your investments around as many non-correlated asset classes as possible (domestic stocks, intl stocks, bonds, cash, maybe commodities/real estate). These days, there are many great options for getting broad exposure to different asset classes, for low fees.
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Old 02-14-2014, 07:35 AM   #6 (permalink)
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Originally Posted by Irish#1 View Post
I agree, spread that portion out across stocks and bonds. In my former job, I was issued stock as an annual bonus. At one time I had about $150K in company stock. It had climbed from about $30 to $60 in just a few years. Then the CEO decided he was smarter than everyone and it plunged to $7.00 per share. This was before the economy soured.

BTW............If they are matching 6%, then I would put 6% in every paycheck. Especially while your young. It might be a little painful just starting out, but I guarantee you you'll find a way to make due and by the time you're ready to retire (and I've been long gone lol), you'll have a small fortune.
Would you be willing to invest my real money in exchange for reps and vbucks? FYI, i do contribute 6% of every paycheck. It hurts to see on that pay stub, but I know it's the right move.
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Old 02-14-2014, 08:13 AM   #7 (permalink)
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So for the time being before I learn more about this, I change my 3% from all to my company, and put it as this:

25% - Small Cap US Small Group
25% - Internaional Company
30% - Blended fund investment Verizon Fund 2055
20% - Bonded Managed Income PIM Real Return


Is this a good start?

Literally no idea what this means. I take it these are mutual funds since I don't pick specific companies? FWIW, Fidelity handles our 401K.

Man, I'm ignorant about this stuff.
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